Do you use Key Performance Indicators, or KPIs to help measure the success of your business? If not, how do you record the areas of business to improve on?
Debt/equity ratio and gross profit percentage are all ways in which we can measure the success of a business. KPIs will be different for each business, however the methodology is the same when it comes to setting them. The most important part about setting business KPIs is being strategic. Some results on their own may not be as effective as comparing multiple outcomes to get an idea of the bigger picture.
Here are some tips to creating KPIs to help measure the success of your business and in turn make better strategic decisions.
The different types of insurance and how to know you have the best cover?
When you think of insurance what generally comes to mind is a lot fine print and the hope that you are covered in the case of an incident. It’s also good to know that you aren’t paying too much on any of your insurances! So what happens if you don’t happen to be an insurance expert? How do you know if you are signing off on the right insurance policies and making the right choices?
If you haven’t used the term “estate planning” yet with your accountant it’s time to get acquainted with the phrase. Estate Planning is often overlooked by many because let’s face it, it’s not the most uplifting conversation to have with anyone.